European Pipeline Race Deepens

Author(s): 
Publication Date: 
01 January 2012
Publisher: 
Revolve Media
Publication Place: 
Brussels
Publication Language: 
EN
Appearing in: 
Revolve Magazine
Abstract: 

The announcement on December 12, 2011 by Azerbaijan’s State Oil Company SOCAR to postpone the final decision on which of the competing pipelines wins the bid for gas produced as part of the second stage of the Shah Deniz gas field was not a surprise. The decision to award a 10 billion cubic metres (bcm) of gas per annum contract has been subject to a continuous tussle between several European pipeline consortia and has dragged on for several years already. A final decision is now set for March 2012.

Keywords: 
Energy, ITGI, Nabucco, SEEP, TAP